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Merlo
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Category: Tax
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Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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I am 66 years old and still working. I am receiving social

Resolved Question:

I am 66 years old and still working. I am receiving social security each month. I pay $98.00 per month for Medicare. It is automatically taken out of my social security check. Since I am still working full time, my job also takes out FICA/MED twice a month in the amount of $66.00 per pay period. Should I still be paying FICA/MED.
Submitted: 8 years ago.
Category: Tax
Expert:  Merlo replied 8 years ago.
Hello Vincent,

Yes, unfortunately you are still subject to social security and medicare taxes anytime that you earn wages, even though you are currently retired and drawing social security benefits.

The FICA taxes continue to apply to any earned income that you have from a job or from self employment. I happen to be in the same boat as you, and it's one law I would like to see changed myself.

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Thank you.

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Customer: replied 8 years ago.

 

THANK-YOU, AT LEAST I FINALLY GOT AN ANSWER. THANKS FOR THE HELP, $15.00 DOLLARS WELL SPENT. VINCE EARLAND

 

 

 

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